Errors and Omissions Coverage; Fidelity Bond. The Servicer shall keep in force throughout the term of the Pooling and Servicing Agreement a policy or policies of insurance issued by a Qualified Insurer covering errors and omissions in the performance of its obligations as Servicer hereunder, including failure to maintain insurance as required by the Pooling and Servicing Agreement, and a fidelity bond covering the Servicer's performance under the Pooling and Servicing Agreement. Such policy or policies and bond shall be in such form and amount as is generally customary among Persons that service a portfolio of manufactured housing installment sales contracts and installment loans having an aggregate principal amount of $100 million or more and which Persons are generally regarded as servicers acceptable to institutional investors.
Appears in 14 contracts
Samples: Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Deutsche Financial Capital Securitization LLC), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp)
